FE Power Forums
FE Power Forums => Non-FE Discussion Forum => Topic started by: AlanCasida on May 05, 2021, 02:13:49 PM
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I was watching this truck sell on Purple Wave auction and was a little stunned at the price it got($5000+10% buyers fee). When I looked close at the pictures I see bondo popping out of the rear wheel wells, a crummy repaint, torn up seat, no radio, all the heat and a/c components removed from the firewall, the wrong year of bed...and the list goes on. This is not a fluke either. I have seen several older trucks that weren't real nice sell on PW for what I consider high prices. Am I out of touch with current trends? Are they really worth this kind of money?
https://www.purplewave.com/auction/210505/item/HO9363/1973-Ford-F100-Pickups_and_Vans-1/2_Ton_Pickup_or_Van-Oklahoma
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Ah, maybe not trucks so much but there is a shortage of new cars, driving up, a lot, the prices on virtually all used vehicles. Btw, in most areas, now is the time to sell that old(er) car IF you don't need a replacement anytime soon.
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I started just casually looking last year, and quickly realized prices for old trucks are going through the roof!! The 20-somethings have picked up on them for hotrodding, all makes and all models seemingly, 60-70s era. Yes, doesn't surprise me that truck brought $5k. It's "complete" and not a total basket case = $5k.
I bought a '64 shortbed, rust free cab, rust in bed, crown vic frontend installed, about $1000 in parts....paid $4k. I feel like two years ago would've been a $2500 truck.
Have you seen what any shortbed that's been lowered with a "decent" drivetrain is going for? Patina trucks are bringing $25k. Have you seen what crew cab F250s are bringing? Saw a very nice 67-72 at Carlisle that sold at $70k...it's nuts. Don't get me started on early Broncos...$50k is commonplace....they are cheap and easy to restore but are bringing more than high option real musclecars.
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I started just casually looking last year, and quickly realized prices for old trucks are going through the roof!! The 20-somethings have picked up on them for hotrodding, all makes and all models seemingly, 60-70s era. Yes, doesn't surprise me that truck brought $5k. It's "complete" and not a total basket case = $5k.
I bought a '64 shortbed, rust free cab, rust in bed, crown vic frontend installed, about $1000 in parts....paid $4k. I feel like two years ago would've been a $2500 truck.
Have you seen what any shortbed that's been lowered with a "decent" drivetrain is going for? Patina trucks are bringing $25k. Have you seen what crew cab F250s are bringing? Saw a very nice 67-72 at Carlisle that sold at $70k...it's nuts. Don't get me started on early Broncos...$50k is commonplace....they are cheap and easy to restore but are bringing more than high option real musclecars.
That's what I've been seeing too. The last couple of years I've seen the asking prices go crazy on older trucks up through 1979 but I was never sure they ever sold but on these auctions they have. My '67 F250 is getting where it needs new paint and I was kind of looking around for a suitable replacement but after looking the prices of these things I've decided I might as well just fix mine. I know exactly what condition it's in and what needs addressed.
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I don't know about where you live, but a local Toyota dealer sold 778 new vehicles in March, and could not get enough Tundras for customers. I bought a new "parts runner" just to have a little vehicle that gets 40+ mpg. Older vehicles are bringing premium prices due to flooding, hail damage, and new cars not being available because of shipping issues due to covid. Folks with stimulus checks buying cars like crazy. Joe-JDC
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Trucks have been going up the last 10-15 years. I suppose there are several explanations, but certainly one being the price of new trucks, and even "newer" trucks with miles on them. There's still a lot of people who can't afford $30k-$70k trucks. Buying an older one, and putting some money in it if need be, is a good value on many levels. Another big part is the nostalgia aspect, much like the growing popularity of station wagons. The plus side being that they are still very useful.
The same has been happening with the 'off' cars, ones not typically seen as desirable in the past. When all the really popular ones have gotten so expensive, and harder to find in reasonable condition, the less popular ones are drug up in value simply because it's what people can afford to buy and fix up.
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I've read (but not confirmed) new trucks require $2000 software to diagnose and calibrate things like the blend motors for the heating/cooling. To me that's off-putting when compared to my '65 which has what looks like a choke cable to adjust the amount of heat and a lever under the dash to direct the heat. Controls on the '65 last forever...not so much with controls on new trucks but end result is the same...both control and direct the heat. It's like the new trucks skipped right past nice and went for silly.
Older trucks can be "souped" up for more power and resist rust about as well as new trucks. And now you can swap in relatively modern auto trannies. I can understand the increased market for older trucks. The asking prices have gone way up in the past 15ish years.
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I don't look at it like old trucks are replacing new trucks, I look at it like they're one of the last "vintage" vehicles that was affordable, so they took off with the younger crowd. If you look around, engine swaps are rampant...and frankly piss me off. I see it like this, the common hotrodding vehicles all were cheap and accessible (32-34 Fords, Tri 5 Chevies, Fox Body Mustangs), and many times engine swaps were done to use the cheapest possible combo. With everything down to a 6cyl Maverick now commanding $$$, the only older vehicles left seemed to be the shortbed pickups. The LS swapped "bumpside" is the new common hotrod platform.
Vast majority of these trucks aren't really being used as trucks, they're lowered considerably and many times the bed has to be cut to accommodate the frame kickup over the rear wheel.
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I’m obviously an old truck guy. One big reason they appeal to me is that you can load at a workable height. The bed height on the new trucks are so high you need a step ladder to put tools or whatever next to the cab. Of course they are now mounting retractable steps in strategic spots but that just solves a created problem and adds more expense. My 61 is a joy.
Oh and one more thing. Bumps and dents are (to me) the prettiest trucks ever made.
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I’m obviously an old truck guy. One big reason they appeal to me is that you can load at a workable height. The bed height on the new trucks are so high you need a step ladder to put tools or whatever next to the cab. Of course they are now mounting retractable steps in strategic spots but that just solves a created problem and adds more expense. My 61 is a joy.
Oh and one more thing. Bumps and dents are (to me) the prettiest trucks ever made.
Yeah it’s funny on the RV forums guys will sometimes talk about the step ladder they carry to reach into the truck bed. Weird thing about my ‘65 is that even with the relatively low bed, it still has good ground clearance. It’s as if the designer wanted to make a practical vehicle.
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It’s as if the designer wanted to make a practical vehicle.
What a concept ;)
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You guys been reading my mail.
I've been looking for a pre 1976 pickup for a while. I don't mind paying 15K for a decent truck but finding one has been "problematic". What I think is decent is apparently too much to ask. I don't care about the paint, but rusted out cab mounts and rust around the top of the cab is not something I want to fix.
I want to get an old truck to do truck stuff, not to be my hot rod. I'd like to tow my Comet from LA to the dream cruise in Detroit so i'm looking for power brakes and steering. I can add air conditioning myself.
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I need to get the 93 F-350 over to the shop to repair the exhaust leak then put it out for sale. Now's time to ask big $ and be happy with what I get LOL.
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You guys been reading my mail.
I've been looking for a pre 1976 pickup for a while. I don't mind paying 15K for a decent truck but finding one has been "problematic". What I think is decent is apparently too much to ask. I don't care about the paint, but rusted out cab mounts and rust around the top of the cab is not something I want to fix.
I want to get an old truck to do truck stuff, not to be my hot rod. I'd like to tow my Comet from LA to the dream cruise in Detroit so i'm looking for power brakes and steering. I can add air conditioning myself.
If you weren't on the other side of the country, I could hook you up with the perfect candidate.
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Ugh, the truck market today. New trucks...crazy and I have no love for the looks or the functionality(too much crap to fix). Old trucks....getting ridiculous in price because of new trucks being stupid expensive. Every rusty POS is now priced beyond ludicrous. Unless you are lucky to find a real "barn find" that is reasonably priced, you are SOL.
My '95 F150 I paid $8K for nearly 5 yrs ago. I think I could flip it now for that amount and I have doubled the mileage since I bought it.( It has 130K, had 60K). I can't drive it anywhere without people chasing me down to complement me on it. But if I did sell it,,,what would I replace it with? Nothing out there.
I'd like to have another 67-72, but can't find/afford one. What would be super cool, F350 class C camper pulling the wagon around.
My '69 will be around for a long time.
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I took my '67 F250( 390, t18 4spd w/Gear Vendor o/d) on a 400 mile road trip today down to the Chickasha, Ok swap meet and back. Just a real nice drive. :) I had been looking for something to replace it since it has some rust holes in the cab drip rail on the vertical part of the door frame and the clear coat is coming off, buuuuuuttt I think I'll just keep it and repair it. I've owned this truck almost 20 years and it has pretty much become part of the family. Plus I have put more miles on it than all my other old vehicles combined.
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You can’t beat that 67 Alan.
It’s perfect.
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You can’t beat that 67 Alan.
It’s perfect.
Thanks! You know, in 2015 I bought a new F250 XL standard cab, about the most basic truck you can get. At the time I had ideals about getting an enclosed trailer but now I don't think that will ever happen. It pulls my open trailer like a dream but as has been mentioned, everything on it is computer controlled and I dread the day I have something go wrong with it so I'd like to just sell it. I really only use a truck maybe dozen times a year and my old '67 will do just fine. Unlike my '15 SD which is just transportation, my '67 always puts a smile on my face when I drive it.
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"Worth" is such an arbitrary value.
I have been driving older F-series trucks since 1995....This does not make me special, it is just what I seem to gravitate towards.
I have specifically sought nice, but not perfect, used versions that fit my needs, and often they are a bit of a red headed stepchild because they do not carry the recent popular trend in options.
For instance, my daily driver for the past 7 years has been a 1990 F250, XLT, Lariat, standard cab, 8 foot box, 2wd, 7.3L IDI diesel, E4OD automatic.
I purchased this truck from OR, and had it shipped to my house for less that $8,000 total.
The truck has 62,000 miles and was still wearing the factory stickers on the rust free chassis.
MN winter has ruined all of that but this truck was an unloved, lesser truck.
After all these years of owning and maintaining I still don't have $11,000 invested in the truck.
Because it is rusting I have been searching for the last two years and have come to realize that older 1975-1996 F250's are no longer cheap to buy.
I used to get a very nice older truck between $6,000 - $10,000 (usually shipped to my house from out of state as part of that price)...with $10,000 being VERY nice...almost perfect.
Just last week I was searching for a replacement car for my wife, and while looking at a local Ford dealer, I took a gander at the trucks in stock.
They had a 2003 F250, with 218,xxx miles...yes that is right, 218,xxx miles, and the asking price is $13,000.
Go to Bring a Trailer and look at the huge number of 70's, 80's, and early 90's truck being sold for high prices.
It would seem todays' bargin truck price is in the $10,000 to $15,000 range.
A running and driving truck, in terrible condition, will fetch between $2,000 - $4,000 depending on desirability and options.
Lots of nice trucks are selling in the $18,000 - $25,000 range.
The days of me finding my next, cheap, useful old truck are gone it would seem...and I don't like it.
As far as "worth"?
No Alan, I do not think the older trucks are worth this kind of money....but there are enough buyers at these prices that the "value" is up there making them "worth" that much to enough people to change the prices....Dammit!
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Hope this is not too far of the subject; has anyone created a shortbox standard cab Super Duty, '99 up? Ford never made one as far as I know, always thought it would be cool. Maybe with a new 7.3?
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You may look at it this way;
"Are NEWER trucks really worth this kind of money?"
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No doubt, new trucks are $$. But really, considering their content, I don't think they're any more expensive in respect to other options. I get free oil changes so I usually kick around the lot at the local Ford dealer.
New Mustang GTs are stickering at $53k loaded, cheapest I saw with leather was $48k. $53k...for a 'normal' Mustang!!!!
Midrange Explorers are high $40s-low 50s. Lincoln Aviators are $80k, Navigators are $88k.
Makes $75k for a diesel F250 with really nice optioning seem more logical, or $55k for a nicely appointed F150.
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Yeah I guess I am stuck in 2005. Yes it has been 16 years but I remember a GT Mustang selling for $24,000. Fully loaded, top of the line CC 4x4 Diesel Lariat stickered for $45,000.
You could buy a fully loaded FX4 F150 for $33,000 all day. I bought my V10 4x4 Super Duty in 2003. Hit it right with D Plan money and took some hold back.....actually told the boss I would go buy from the competition if they would not give up half the money HAHA. Stickered for 33 and walked out the door at 22K. One of few I knew who could sell a new truck at that time and make a profit.
Anyway, in 15 years it is safe to say cars doubled in price.......has pay? Has taxes went down? Things are out of proportion.
It is folks money and they are free to do as they wish, but for me it has to make sense.....at the prices today, it does not. Normally, it is one of the worst financial decisions you can make next to a boat or and RV. The only saving grace is right now you can get out from under it....used truck prices are INSANE! My neighbor just sold his 3 year old SLT for within 2 grand of what he paid for it. For now, they are not depreciating. Houses used to be a good investment.....I feel different today. Guess my point of view is I don't need the show and go. I want reliability and no payment. On top of that, for less I can get a redone classic car, that will be even more show, and limit the risk financially if I ever sell it. Once I get this Highboy done, I am looking for a Mustang or a 63 1/2 Galaxie!
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A very nice, stock, 27,000 mile 1974 Bronco sold for $110,000 today on Bring a Trailer.
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I attended the F100 Nationals in Pigeon Forge, TN this weekend. There weren't many trucks for sale, but I think most guys would choke at the prices of those that were for sale. There was a 67-72 shortbed, typical "farm truck" type exterior, basic axle flip rear drop with a Crown Vic frontend. Cleaned up interior, can't recall the engine but nothing out of the ordinary or I'd have recalled....asking was $28,500. It's insane, that's more than I paid for the 460/toploader/nice paint '66 Fairlane I just picked up, and I'm sure it's more than I could get for my Merc which has decent paint and FE/Tremec drivetrain. There were a few more examples with similar ridiculous pricing. As with anything, it's not so much the actual content you're getting, it's the desirability, which is a very subjective term.
Silver lining, if this trend continues I won't feel bad about money spent on my '64 F100. I can do it fairly cheap since I won't be painting it and have the engine/trans already, I figured I can put it together for $12k all said and done and if this trend continues it'd be a $30k truck.
I sold a '66 Bronco back in 2004 and knew they were taking off in price but figured it'd be temporary, should have been smart enough to start buying them up back then as the trend had just started and you could still find them cheap. I'm a bit late to the upward trend, but think the same thing is happening with old F series for sure.
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I spoke with a gentleman about a 1949 ford panel at the pg forge show , i wanted to buy it , but 55,000 was out of my price range . I was thinking I would rather have it than a newer truck in 2010 -2015 range . I will have to make do with what I have and be glad of it .
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I bought a 2020 Aviator new on 16 October. It has been at the dealer since 29 October. I have picked it up twice only to drive it back less than an hour later for the same delayed slam into reverse. It's now May. Six months and 84K. Sitting at a dealership. I'm going to lemon-law the car. Sad we have come to a point that even the dealership has an issue with not only parts but qualified technicians. The amount of computer-controlled gadgetry is ridiculous and they are never going to be user-serviceable. My everyday car is the Corsair. I had to have the trans worked on with 13k. 3-4 hard shifts. They are air-shifted like an Allison transmission. In all honesty I don't know what to think anymore.